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7216 Lindentree Lane Fort Worth, TX 76137

4 Beds 2 Baths 2,222 sqft Built 2005

$279,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $125.97
  • 4 Days on Market
  • MLS # : 14512099
  • Updated Date : 02/04/2021 at 16:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,222 sqft
  • Baths : 2 full
Listing Agent

Jp And Associates Southlake

Listing Agent's Description

ADORABLE 1 story home very centrally located. Open concept floor plan features 4 bed 2 bath spacious layout with 2 dining and 2 living areas. Kitchen with breakfast bar, newer stainless appliances, lots of storage overlooking large living area with fireplace. Private master suite with garden tub and separate shower. Newer flooring and carpet installed, Newer roof and gutters! Cover back patio and nice sized yard. You will appreciate being minutes from 35 and 820, close to shopping, dining and entertainment!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Basswood Park

NeighborhoodNIR Market*CityMarket2010Year20002019110k120k130k140k150k160k170k180k190k200k210k220k230k240kPrice in $104k243k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Basswood Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191735

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Grace E. Hardeman Elementary School Primary Regular 748 44 8
Watauga Middle School Middle Regular 760 49 6
Haltom High School High Regular 2,581 162 4

Grace E. Hardeman Elementary School

  • Education Level: Primary
  • # of students: 748
  • # of teachers: 44
8
GreatSchools Rating

Watauga Middle School

  • Education Level: Middle
  • # of students: 760
  • # of teachers: 49
6
GreatSchools Rating

Haltom High School

  • Education Level: High
  • # of students: 2,581
  • # of teachers: 162
4
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$972
Property Tax -$642
Property Insurance -$156
Property Management Fees -$99
CASH FLOW
-$128

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$279,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$4,097

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,740

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,889

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,8253$1,8254$1,9855$1,995
$1,995
RENT COMPS ANALYSIS
  • 7216 Lindentree Lane Fort Worth, TX 1
    • 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,222 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.78
    •  
  • 5300 Elmdale Drive Watauga, TX 2
    • 4 beds 2 baths ∙ 2,254 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,254 Sqft ∙ Built 2002
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.81
    •  
  • 5321 Stillwater Drive Fort Worth, TX 3
    • 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,060 Sqft ∙ Built 1997
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.89
    •  
  • 5412 Rocky Mountain Road Fort Worth, TX 4
    • 5 beds 3 baths ∙ 2,345 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,345 Sqft ∙ Built 1993
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.85
    •  
  • 5513 Bryce Canyon Drive Fort Worth, TX 5
    • 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,336 Sqft ∙ Built 1989
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
PROPERTY LISTING DETAILS
Felicia Johnson
Jp And Associates Southlake
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14512099
Last Updated: 02/04/2021
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